Demand Shifts to Suburbs Amid Rising Prices

Dubai Real Estate News For Investors

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Dubai's prime property locations, including Downtown, Palm Jumeirah, Marina, and Dubai Hills Estate, have witnessed single to double-digit quarterly price growth since the pandemic, driven by demand from millionaires and international investors. Villas saw a 23% year-on-year price increase, while apartments rose by 19% in Q3 2024, according to Industry experts.

As record-high prices make central districts unaffordable, buyers are turning to suburban communities like Discovery Gardens, Jumeirah Lakes Towers, and Dubailand. These areas offer value-driven investment opportunities, attracting budget-conscious buyers and investors seeking alternatives.

Developers are introducing aggressive payment plans, such as 80/20 or 75/25 structures, to cater to the rising demand for off-plan properties. While this boosts off-plan sales, it challenges lower-income families looking for larger homes. High demand has led to properties in desirable locations selling out within days or hours, fueled by competitive pricing, brand reputation, and attractive offerings.

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Source: https://www.khaleejtimes.com/uae/dubai-properties-record-prices-aggressive-payment-plans-pushing-buyers-from-prime-areas-to-outskir